Public Shareholding Company is a company where the capital is divided into equal shares, in such companies the shareholder's liability is limited by the number of shares. The company is a business entity in which different numbers of shares of the company's stock can be bought and sold by shareholders. A PJSC must have at least 10 founder members and its management should be vested in a board of directors consisting of minimum of three to maximum of fifteen people whose term of office may not exceed three years. The Chairman and majority of the Directors in a public shareholding company must be UAE national and should hold at least 51% of the shares. Banking, insurance or financial activities are generally run as public share holding companies.